Thursday, April 13, 2006

GoAir, India's newest low cost carrier, today announced it has selected CFM56-5B engines to power its new fleet of 10 firm, 10 option Airbus A320 family aircraft. Deliveries are scheduled to begin in mid-2007 and the firm engine order valued at $120 million at list price.CFM56-5 engines are produced by CFM International, a 50/50 joint company between Snecma and General Electric Company, and are the world's leading jet engine supplier.GoAir began operations in late 2005 with two leased A320s and now has three aircrafts in operation on 28 flights covering 14 cities. The new A320 order is part of the airline's planned expansion plan and it anticipates operating a fleet of 33 aircraft within the next three years.The high reliability, long on-wing life, and low maintenance costs of the CFM56-5B makes it extremely popular with leasing companies, low-cost carriers, and major airlines worldwide.12/04/06 Moneycontrol.com